The U.S. dollar was weaker against the euro and the pound Wednesday after new economic data showed a soaring U.S. trade deficit.
The euro bought $1.2934 in European trading, up from $1.2918 in New York late Tuesday. The British pound bought $1.8919, up from $1.8916.
The dollar rose against the Japanese yen, falling to 107.23 yen from 107.70 late Tuesday.
The U.S. Commerce Department reported Tuesday that the trade deficit hit an all-time high of $61 billion in February, a 4.3 percent increase over January that was far greater than economists had expected.
The dollar has been falling on concerns about the widening U.S. trade deficit. But the release of the data, which showed a record gap, set off a brief round of dollar-buying because traders thought it was already factored into the market.
But the dollar then fell after the release of minutes from last month's meeting of the Federal Open Market Committee, the group that sets a key interest rate. The minutes failed to show more concern over inflation, which would have set off speculation over more aggressive interest rate hikes.
Higher interest rates make assets denominated in the dollar more attractive to investors, boosting the currency's exchange rate.